FLGV vs. ARKK
Compare and contrast key facts about Franklin Liberty U.S. Treasury Bond ETF (FLGV) and ARK Innovation ETF (ARKK).
FLGV and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLGV is an actively managed fund by Franklin Templeton. It was launched on Jun 9, 2020. ARKK is an actively managed fund by ARK. It was launched on Oct 31, 2014.
Performance
FLGV vs. ARKK - Performance Comparison
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FLGV vs. ARKK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | 0.05% | 6.22% | 0.62% | 4.18% | -11.53% | -2.39% | -0.27% |
ARKK ARK Innovation ETF | -11.08% | 35.49% | 8.40% | 69.04% | -66.97% | -23.60% | 105.43% |
Returns By Period
In the year-to-date period, FLGV achieves a 0.05% return, which is significantly higher than ARKK's -11.08% return.
FLGV
- 1D
- -0.14%
- 1M
- -1.35%
- YTD
- 0.05%
- 6M
- 0.50%
- 1Y
- 3.04%
- 3Y*
- 2.62%
- 5Y*
- -0.01%
- 10Y*
- —
ARKK
- 1D
- 1.20%
- 1M
- -7.84%
- YTD
- -11.08%
- 6M
- -21.31%
- 1Y
- 43.10%
- 3Y*
- 19.58%
- 5Y*
- -10.51%
- 10Y*
- 14.48%
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FLGV vs. ARKK - Expense Ratio Comparison
FLGV has a 0.09% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Return for Risk
FLGV vs. ARKK — Risk / Return Rank
FLGV
ARKK
FLGV vs. ARKK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty U.S. Treasury Bond ETF (FLGV) and ARK Innovation ETF (ARKK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FLGV | ARKK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 1.02 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.11 | 1.66 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.20 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.40 | -0.05 |
Martin ratioReturn relative to average drawdown | 3.48 | 3.60 | -0.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLGV | ARKK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 1.02 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | -0.23 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.14 | 0.32 | -0.46 |
Correlation
The correlation between FLGV and ARKK is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FLGV vs. ARKK - Dividend Comparison
FLGV's dividend yield for the trailing twelve months is around 4.11%, while ARKK has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLGV Franklin Liberty U.S. Treasury Bond ETF | 4.11% | 4.07% | 4.13% | 3.46% | 2.21% | 1.92% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.70% | 0.00% | 0.55% | 1.64% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
FLGV vs. ARKK - Drawdown Comparison
The maximum FLGV drawdown since its inception was -17.63%, smaller than the maximum ARKK drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for FLGV and ARKK.
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Drawdown Indicators
| FLGV | ARKK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -80.97% | +63.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -31.35% | +28.90% |
Max Drawdown (5Y)Largest decline over 5 years | -15.26% | -77.23% | +61.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.97% | — |
Current DrawdownCurrent decline from peak | -5.55% | -55.71% | +50.16% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -29.81% | +20.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 12.16% | -11.22% |
Volatility
FLGV vs. ARKK - Volatility Comparison
The current volatility for Franklin Liberty U.S. Treasury Bond ETF (FLGV) is 1.45%, while ARK Innovation ETF (ARKK) has a volatility of 12.59%. This indicates that FLGV experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLGV | ARKK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 12.59% | -11.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 27.62% | -25.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 42.55% | -38.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.41% | 46.38% | -40.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.19% | 40.11% | -34.92% |